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UK’s Labour leads Conservatives 40%-32% in poll

  Bloomberg Britain’s Labour Party has an eight-point lead over Prime Minister Boris Johnson’s Conservatives, according to a poll commissioned by the Sunday Times. The survey of almost 25,000 people, with a breakdown of each constituency, found Labour with enough support to win a general election with 338 seats to the Conservatives’ 237, enough for a 26-seat Labour majority, the ...

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German, Russian officials to meet to discuss Ukraine

  Bloomberg German Chancellor Olaf Scholz’s foreign policy adviser Jens Ploetner and Russia’s Ukraine negotiator Dmitry Kozak agreed to meet next month to try to reduce tensions over Ukraine, Reuters reported, citing an unidentified German government source. Germany wants to quickly revive the “Normandy format,” referring to multilateral talks involving Ukraine, Russia, France and Germany, the person told Reuters. The ...

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US consumer prices rise 5.7% in November, fastest in 39 years

  Bloomberg US consumers took a breather in November a month after an early holiday spending surge, but that pause risks becoming more lasting if Americans pull back when faced with both the fastest inflation in decades and the omicron variant. Purchases of goods and services, after adjusting for higher prices, were little changed following a solid 0.7% gain in ...

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Sunak unveils $1.3 billion for firms hit by Omicron fallout

  Bloomberg Rishi Sunak announced a billion pounds ($1.3 billion) of support for UK hospitality businesses struggling with slumping demand triggered by a record wave of Covid-19 infections, as he declined to rule out further curbs to tackle the fast-spreading omicron variant. Restaurants and other eligible hospitality and leisure businesses will be able to claim cash grants worth up to ...

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Oracle to buy Cerner for $28.3 billion

  Bloomberg Oracle Corp agreed to acquire medical-records systems provider Cerner Corp for about $28.3 billion, a deal that would add a broad customer base in health care industry to bolster software maker’s cloud-computing and database businesses. The all-cash transaction, Oracle’s biggest-ever deal, will see Oracle pay $95 a share, the companies announced Monday in a statement. The price represents ...

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Hedge funds kick risk addiction at end of crazy year for stocks

  Bloomberg Calm has finally come to a stock market that for weeks had been swinging violently. Bulls who hung tough are ending the year on firm footing after a frenzied off-loading of risk by the professional speculators. December’s big sellers were hedge funds, which, chastened by wrong-way bets on high-flying software companies, spent the month slashing high-momentum trades. It ...

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Epic winning run for India stocks sputters as foreigners exit

  Bloomberg The winning streak for Indian stocks is losing momentum as sentiment sours on the prospect of tighter monetary policy and smaller stimulus spending in the coming year. India’s benchmark S&P BSE Sensex has slumped 3.6% since the end of September, halting a rally that ran for six straight quarters and doubled the index’s value. Since reaching a record ...

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